Linde plc (NASDAQ:LIN) Stock Holdings Reduced by Lmcg Investments LLC

Lmcg Investments LLC lowered its position in Linde plc (NASDAQ:LINFree Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765 shares of the basic materials company’s stock after selling 233 shares during the quarter. Lmcg Investments LLC’s holdings in Linde were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Provence Wealth Management Group acquired a new stake in shares of Linde in the third quarter worth about $29,000. Addison Advisors LLC lifted its position in shares of Linde by 310.0% in the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after buying an additional 62 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Linde by 347.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after buying an additional 73 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Linde by 42.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock worth $48,000 after buying an additional 38 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Linde in the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN stock traded down $1.29 during trading hours on Wednesday, hitting $430.82. The company had a trading volume of 1,745,165 shares, compared to its average volume of 2,168,139. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71. The firm has a market capitalization of $207.09 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.88 and a beta of 0.94. The firm’s fifty day moving average is $452.67 and its 200 day moving average is $426.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91.

Linde (NASDAQ:LINGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same period in the prior year, the company posted $3.42 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts predict that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $1.39 per share. The ex-dividend date is Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.29%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

Several equities analysts recently weighed in on LIN shares. Wolfe Research started coverage on Linde in a research report on Friday, March 1st. They set a “peer perform” rating for the company. UBS Group cut Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. TD Cowen boosted their price objective on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. BMO Capital Markets cut their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Finally, HSBC cut their price target on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $468.83.

View Our Latest Analysis on LIN

Insider Buying and Selling

In related news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Linde news, VP Sean Durbin sold 5,277 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjiv Lamba sold 8,306 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $462.04, for a total value of $3,837,704.24. Following the completion of the transaction, the chief executive officer now owns 56,398 shares in the company, valued at $26,058,131.92. The disclosure for this sale can be found here. Insiders have sold a total of 77,948 shares of company stock worth $35,687,605 in the last three months. Insiders own 0.70% of the company’s stock.

Linde Profile

(Free Report)

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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